Snowflake(US:SNOW) Zhi Tong Cai Jing·2025-05-19 07:15Core Viewpoint - Snowflake is set to report its Q1 earnings on May 21, with analysts predicting a 57.1% year-over-year increase in EPS to $0.22 and a 21.1% increase in revenue to $1 billion [1] Group 1: Financial Performance and Analyst Predictions - Snowflake's stock has rebounded over 40% since the low point after the tariff "liberation day," benefiting from easing global trade tensions [1] - Analysts maintain a bullish outlook, with most rating the stock as "buy" and expecting continued strong growth [1] - Mizuho analyst Gregg Moskowitz raised the target price from $190 to $205, citing strong industry growth and potential for further stock price appreciation [1][2] Group 2: Competitive Landscape and Concerns - Despite the positive outlook, concerns have been raised about Snowflake's business execution and competitive pressures, with a top investor warning that current valuations may not be sustainable [2][3] - The investor highlighted a decline in net revenue retention and the risk of reduced contract renewals due to a less attractive usage-based revenue model [3] - Major cloud competitors like Microsoft, Amazon AWS, and Google are increasingly encroaching on Snowflake's market share, raising concerns about its competitive position [3] Group 3: Market Sentiment - Overall, Wall Street remains optimistic, with a consensus of 32 "buy" and 6 "hold" ratings, indicating a strong buy sentiment [3] - The 12-month target price of $203.69 suggests potential for double-digit upside [3]